Bankruptcy Blogs

CFPB's Auto Finance Push Hurts Consumers

01/25/16

The way the Consumer Financial Protection Agency is regulating the auto finance industry's relationships with dealers is simply wrong Â-- both legally and ethically Â-- according to Blair Evans of Baker Donelson. It's also directly counterproductive to its goal of protecting consumers, she says.

[more]

Accident Claims, Competition From Uber Push San Francisco’s Biggest Cab Company Into Bankrputcy

01/25/16

The operator of San Francisco’s biggest cab company filed for bankruptcy protection Friday, overcome by fewer riders, accident claims and liabilities and competition from Uber. The Wall Street Journal has the Daily Bankruptcy Review article here.

[more]

Next Week in Bankruptcy

01/22/16

Investors who are brave enough to enter the badly bruised energy markets have a chance to buy some of the operations of major U.S. coal players next week.

[more]

Three Reforms Even the Loudest Banking Critics Should Applaud

01/22/16

Progressives' push for a more drastic overhaul of the industry ignores post-crisis changes that have had an undeniably positive effect.

[more]

Banks, Vendors Need New Strategy on Bill Pay

01/22/16

A service that used to be a no-brainer for banks is now hampered by limited revenue and a hard-to-justify cost structure.

[more]

Morning Scan: Blackstone Capitalizes on Bank Cast-Offs; Chenault's Woes at Amex

01/22/16

Breaking News This Morning ...

Earnings: 4th quarter earnings from SunTrust Banks, Citizens Financial Group. Wall Street Journal

Digital Asset Holdings just wrapped up a $50 million capital raise from a group of 13 investors that includes JPMorgan Chase, Citigroup, BNP Paribas and Accenture. The Blythe Masters-led company may announce more funding from additional banks in the coming weeks, unnamed sources told the Wall Street Journal. Read American Banker's story on the $50 million investment here. ...

[more]

Plaintiff Encouraged to Drop First GM Ignition-Switch Suit

01/22/16

A judge is encouraging lawyers to drop the first of a series of ignition switch defect lawsuits against General Motors Co. because of the plaintiff’s alleged fraud. The Wall Street Journal has the Daily Bankruptcy Review article here.

[more]

Disclosing Claims-Trading Prices Would Hurt Debtors, Creditors

01/21/16

Kenneth Rosen’s recent op-ed “Claims Trading Warps the Bankruptcy System” reflects a yearning for the supposed good old days of bankruptcy practice when debtors were firmly in control of their cases, original creditors never sold their loans or claims and “self-interested meddlers” who buy discounted claims on the secondary market did not exist.

[more]

Women in Banking: Davos Edition

01/21/16

Gender parity is high on the agenda in Davos, where the World Economic ForumÂ's annual gathering of the wealthiest and most powerful is overwhelmingly male. Ian Bremmer makes a case for keeping Christine Lagarde at the IMF for another term and a study suggests that as technology starts taking peopleÂ's jobs, women will suffer the bulk of the job losses.

[more]